Legislation to Amend Financial Management Law Faces Extended Delays with Both Opposition and Ruling Parties Losing Ground

Reported about 1 year ago

During the Legislation Yuan Finance Committee meeting yesterday, lawmakers reviewed the draft amendment to the financial revenue and expenditure allocation law, but no actual review of the amendment took place. The opposition lawmakers managed to pass a temporary proposal to urge the Ministry of Finance to submit its revised draft before the end of the current legislative session, signaling an extension of the process. However, this delay implies that both ruling and opposition parties are losing ground, with the ruling party showing reluctance to proceed with the financial management law amendments and the opposition failing to effectively push for reforms. The uncertainties surrounding the distribution of central and local resources have led to setbacks in the amendment process, with the issue becoming a long-standing priority that remains unresolved.

Source: YAHOO

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